LONDON (Reuters) – The London Stock Exchange Group said on Wednesday it expects the green light from outstanding regulatory scrutiny of its $27 billion deal to buy data and analytics company Refinitiv.
“The Group has received 16 merger control clearances to date and good progress has been made in relation to outstanding jurisdictions,” the London exchange said in a statement.
The LSE said it has published a prospectus and intends to re-apply for admission on its own market as the Refinitiv deal constitutes a reverse takeover under the UK’s listing rules.
“All remaining merger control and regulatory approvals are expected to enable completion of the transaction and admission in Q1 2021,” the LSE said in a statement.
The European Union’s competition officials are due to rule on the takeover in January, and Reuters has reported that the deal is set to get the green light in Brussels. Reuters’ parent Thomson Reuters owns 45% of Refinitiv.
Reporting by Huw Jones, editing by Louise Heavens